mae13
ameliaharris45
On one hand, the business contributes to the UK by creating jobs, paying taxes, and generating economic activity, which supports growth. On the other hand, the money sent abroad is effectively leaving the UK economy, meaning it isn’t being spent or reinvested locally. However, this outflow is usually only a portion of what the business earns, and the initial economic benefits—like employment and services—often outweigh the loss
Jobs created for AI - drastically narrowing the jobs market for the students pouring out of the universities with shiny, new degrees only to find entry-level jobs have been taken over by technology.
Algorithyms etc, don't expect a salary. Graduates do.
People have been saying that new technology will reduce jobs ever since the industial revolution started in the 18th century.
When the first mechanical weaving euipment came in groups of workers known as Luddites destroyed them because they saw them as a threat to their jobs and incomes. In fact, it led to the development of the huge cotton mills we had in the Northwest, producing cotton and wook textiles far more cheaply than the old system did and for wages, which horrifyingly poor by our standards, were more than te handworkers could earn.
When computers first came in, it was thought that they would mean that there would be mass unemployment. There hasn't been better and better computers have opened up more and more opportunities for people. I tjink AI will be the same.
In every case, it has led to an expansion of jobs, perhaps not in the same industry, or in the same place, but it has opened up new opportunities.
